{"id":109038,"date":"2024-03-26T00:00:00","date_gmt":"2024-03-26T00:00:00","guid":{"rendered":"http:\/\/malaysiantribune.com\/?guid=bb261c99187e8bf2477c8c0403b840ad"},"modified":"2024-03-26T00:00:00","modified_gmt":"2024-03-26T00:00:00","slug":"connecting-with-fdi-firms-helps-boost-wood-exports-insiders","status":"publish","type":"post","link":"https:\/\/malaysiantribune.com\/connecting-with-fdi-firms-helps-boost-wood-exports-insiders\/","title":{"rendered":"Connecting with FDI firms helps boost wood exports: insiders"},"content":{"rendered":"
\nHanoi: Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.<\/p>\n
Statistics from the Vietnam Timber and Forest Product Association (VIFOREST) show that in 2023, the number of FDI enterprises exporting wood and wood products accounted for only 18.8% of the total number of wood exporters in the country, but their export turnover hit 6.24 billion USD, equivalent to 47.4 % of the total of this industry.<\/p>\n
Last year, the sector attracted 57 new FDI projects worth around 300 million USD, of which Chinese-invested projects accounted for 49.1% of the total number of projects and 35.5% of the total value.<\/p>\n
Cao Thi Cam, an expert from the VIFOREST, said that an increase in activities of FDI enterprises, including export, is partly a result of new-generation free trade agreements that Vietnam is participating in, and partly thanks to the advantage of geographical location and th
\ne development of the country’s wood industry ecosystem.<\/p>\n
To Xuan Phuc, a policy analyst at Forest Trends Organisation, stated that the superiority of FDI enterprises operating in the wood industry needs to be summed up and used as a foundation to create a spill-over effect to domestic firms.<\/p>\n
According to Phuc, the connection between FDI and domestic enterprises remains limited at present. Therefore, the government and wood associations need to promote the formation of a suitable institutional and policy environment to encourage the establishment of linkages and the sharing of benefits and responsibilities of the business community.\/.<\/p>\n
Source: Vietnam News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Hanoi: Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.<\/p>\n
Statistics from the Vietnam Timber and Fo…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n